Mixed-Use Property with Ocean
For Sale
$1,600,000
1592 Highway A1a, Satellite Beach, FL
Fully leased building combines ground-floor commercial space with updated apartments above.
Property Size5,660 SF
Price / SF$282.69
Days on Market144
Property Features for 1592 Highway A1a
General Information
Standard status
Active
Size
5,660 SF
Occupancy
100%
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$18,060
Building Details
Buildings
1
Tenancy
Multi
Listing Agency:
Real Broker, LLC
(321) 289-2790
Listed By:
Patrick PJ McLoughlin Jr.
(321) 289-2790
Source:
Exprealty
Added: Apr 9
Changed: Aug 30
Last Checked: Aug 30 at 6:53AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Real Broker, LLC
Investment Insights
Based on property information with market context.
This 5,660-square-foot mixed-use building contains three commercial units at street level and three residential apartments on the floor above. The commercial portion includes three ADA-compliant bathrooms, while the apartments feature updated appliances and well-maintained living areas. Interior improvements include fresh paint throughout and replacement ceiling tiles.
All six units are leased, providing both commercial and residential occupancy within one property. The upper-level residences have unobstructed ocean views, and the building is located along Highway A1A in Satellite Beach, Florida.
All six units are leased, providing both commercial and residential occupancy within one property. The upper-level residences have unobstructed ocean views, and the building is located along Highway A1A in Satellite Beach, Florida.
Key Highlights
- 5,660‑square‑foot mixed‑use building with 3 commercial units and 3 residential apartments
- All 6 units are currently leased
- Three ADA‑compliant bathrooms serve the commercial level
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$65,670
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.10%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,313,400
$1.3M
Cap Rate 7%
$938,143
$938.1K
Cap Rate 9%
$729,667
$729.7K
Market Conditions
NOI Build-Up for 5,660 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$115.5K $20.40/SF
− Vacancy
−$10.4K −$1.84/SF
EGI
$105.1K $18.56/SF
− OpEx
−$39.4K −$6.96/SF
NOI
$65.7K $11.60/SF
Area
Brevard County, FL
Vacancy
9.00%
Lease Rate
$20.40 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,313,400
Cap Rate 7%
$938,143
Cap Rate 9%
$729,667
Alternative Uses
Best Use
Mixed Use
$938.1K
$820.9K – $1.09M
NOI $65,670 @ 7.0% cap · market cap 4.10%
Second Best
Retail
$932.2K
$815.7K – $1.09M
NOI $65,254 @ 7.0% cap · market cap 4.08%
Theoretical Best
Office A
$1.49M
$1.31M – $1.74M
NOI $104,529 @ 7.0% cap · market cap 6.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
3
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
432
Businesses Nearby
Explore this area
Business Placement
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Fully leased building combines ground-floor commercial space with updated apartments above.
Where is this mixed-use property located?
The property is located at 1592 Highway A1a Satellite Beach, FL.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: 5,660‑square‑foot mixed‑use building with 3 commercial units and 3 residential apartments; All 6 units are currently leased; Three ADA‑compliant bathrooms serve the commercial level
